Will Brett Blundy now take over the rest of AX1 he does not own.
He bought up around 20% at 95 cents. Analysts considered fair value to be $1.19 before the stunning result today.
I reckon if he was going to take the whole company over, it would sometime after it does ex-dividend which would be after next Friday. Watch this space. The week after next it may come - he is cashed up and looking for something to buy. Remember, Ax1 or the or the old RCG was $1.96 at its height.
I reckon $1.25 is possible - board may be able to push it up to $1.30 - especially if a spoiler arrives on the scene to buy a blocking stake - say a big hedge fund manager.
AX1 Price at posting:
$1.05 Sentiment: Buy Disclosure: Held
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